PKR trades 47 paisa lower against USD

MG News | September 21, 2020 at 04:08 PM GMT+05:00

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September 21, 2020 (MLN): Pakistani rupee (PKR) depreciated by 47 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 166.3 per USD, against last session's closing of PKR 165.83 per USD.

The rupee saw a volatility free session as very little movement was recorded trading in a range of 52 paisa per USD showing an intraday high bid of 166.37 and an intraday Low offer of 165.93.

Within the Open Market, PKR was traded at 165.70/166.50 per USD.

Alternatively, the currency gained 1.7 rupees against the Pound Sterling as the day's closing quote stood at PKR 213.53 per GBP, while the previous session closed at PKR 215.25 per GBP.

Similarly, PKR's value strengthened by 45 paisa against EUR which closed at PKR 196.18 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 6.75/6.90 percent, whereas the 1 week rate was 6.95/7.00 percent.

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